00HOUSE BILL NO. 158                                                                                                    
01 "An Act relating to the annual report of the director of the division of insurance                                      
02 and to notice of cancellation of personal insurance."                                                                   
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
04    * Section 1.  AS 21.06.110 is amended to read:                                                                     
05  Sec. 21.06.110.  Director's annual report.  As early in each calendar year as                                       
06 is reasonably possible, the director shall prepare and deliver an annual report to the                                  
07 commissioner, who shall notify the legislature that the report is available, showing,                                   
08 with respect to the preceding calendar year,                                                                            
09   (1)  a list of the authorized insurers transacting insurance in this state,                                          
10 with a summary of their financial statement as the director considers appropriate;                                      
11   (2)  the name of each insurer whose certificate of authority was                                                     
12 surrendered, suspended, or revoked during the year and the cause of surrender,                                          
13 suspension, or revocation;                                                                                              
14   (3)  the name of each insurer authorized to do business in this state                                                

01 against which delinquency or similar proceedings were instituted and, if against an                                     
02 insurer domiciled in this state, a concise statement of the facts with respect to each                                  
03 proceeding and its present status;                                                                                      
04   (4)  a statement in regard to examination of rating organizations,                                                   
05 advisory organizations, joint underwriters, and joint reinsurers as required by                                         
06 AS 21.39.120;                                                                                                           
07   (5)  the receipt and expenses of the division for the year;                                                          
08   (6)  recommendations of the director as to amendments or                                                             
09 supplementation of laws affecting insurance or the office of director;                                                  
10   (7)  statistical information regarding health insurance, including the                                              
11 number of individual and group policies sold in the state; and                                                          
12   (8)   other pertinent information and matters the director considers                                                
13 proper.                                                                                                                 
14    * Sec. 2.  AS 21.36.220(a) is repealed and reenacted to read:                                                      
15  (a)  An insurer may not exercise its right to cancel a personal insurance policy                                      
16 unless, for a named insured who is                                                                                      
17   (1)  less than 67 years of age, a written notice of cancellation is mailed                                           
18 to the named insured as required by AS 21.36.260 at least 30 days before the effective                                  
19 date of cancellation; however, if cancellation is for nonpayment of premium, the notice                                 
20 shall be mailed to the named insured as required by AS 21.36.260 at least 20 days                                       
21 before the effective date of cancellation, and, if cancellation is for a reason described                               
22 in AS 21.36.210(a)(2), (f)(2), or (f)(3), the notice shall be mailed to the named insured                               
23 as required by AS 21.36.260 at least 10 days before the effective date of cancellation;                                 
24 and                                                                                                                     
25   (2)  67 years of age or older, a written notice of cancellation is mailed                                            
26 to the named insured as required by AS 21.36.260 at least 60 days before the effective                                  
27 date of cancellation, a second written notice of cancellation is mailed to the named                                    
28 insured as required by AS 21.36.260 at least 30 days before the effective date of                                       
29 cancellation, and a third written notice of cancellation is mailed to the named insured                                 
30 by certified mail at least 10 days before the effective date of cancellation.